When do you have to pay your Medicare Premium?

When you get any kind of insurance coverage, including that of Medicare coverage of any kind, you will be required to pay a premium for the payment. Premium is just a fancy word for a monthly bill that will be required to be paid in order to keep your coverage valid. You will not always get a bill for your Medicare premium, but if you do it is very easy to pay.

First, understand that you will always receive a bill for your Medicare Part A insurance premiums, regardless of your situation. If you are receiving checks from the Railroad Retirement Board (RRB), Civil Services, or SSA (Social Security Administration) the Part B premium will be deducted from your check. If not you will receive a bill for your Part B and Part A premiums that you must pay on time.

All you have to do when you are ready to make your payment is to send the check to the Medicare payment processing center. You can mail your premium payments to the Medicare Premium Collection Center, P.O. Box 790355, St. Louis, MO 63179-0355. If you get a bill from the RRB, mail your premium payments to RRB, Medicare Premium Payments, P.O. Box 9024, St. Louis, MO 63197-9024.